Free Trial

Won Picks Up From Lowest Level Since Sep'20


The won is stronger on Monday, strengthening from around multi-month lows. USD/KRW last down 5.55 at 1174.10 after reaching 1181.10 on Friday,

  • South Korea's daily new coronavirus fell to 1,418 on Monday due to fewer tests over the weekend, as health authorities extended the toughest virus curbs for another two weeks to battle the worst wave of the pandemic, the current social distancing measures were extended until Sept. 5. Elsewhere , Prime Minister Kim said Moderna plans to provide South Korea with 7 million doses of its COVID-19 vaccine in the coming two weeks following a supply disruption due to a production issue at the company.
  • Data earlier showed exports remained robust in the first 20 days of August, rising 40.9% from a 32.8% rise in the previous period, imports rose 52.1% from 46.1% previously. The rise was attributed to demand for chips, automobiles and petroleum products.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.